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US EXTENDS TIKTOK SALE DEADLINE TO DECEMBER 4

The US Treasury on Wednesday, 25th of November 2020 said it had extended by seven days the November 27 deadline given to the Chinese owner of TikTok to sell the popular social media platform. [...]

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CBN RETAINS LENDING RATE AT 11.5%

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 11.5 per cent. It also left other parameters the same. The CBN Governor, Godwin Emefiele, [...]

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PIB WILL BE PASSED INTO LAW MARCH 2021, SAY REPS

The House of Representatives has announced its plan to pass the Petroleum Industry Bill by end of the first quarter of 2021. The Ad Hoc Committee on PIB disclosed this in Abuja on Wednesday, 25th [...]

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NIGERIA’S PER CAPITA INCOME COULD FALL TO 40-YEAR LOW – W’BANK

The World Bank said on Monday, 23rd of November 2020 that Nigeria’s per capita income could fall in 2020 to its lowest level in 40 years. The Bank also raised concern about the debt service cost [...]

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HOW WE’RE TACKLING RECESSION – FG

The Federal Government on Monday, 23rd of November 2020 explained some of the measures being adopted to help get the country out of its current economic recession. Minister of Finance, Budget and [...]

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YOUTUBE HOSTS FIRST VIRTUAL YOUTUBE BLACK AFRICA CREATORS WEEK

YouTube, this week (Monday 23rd to Friday 27th November) is holding its first virtual YouTube Black Africa Creators Week, a week dedicated to engaging, educating and inspiring African creators to [...]

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NIGERIA’S ECONOMY AT CRITICAL JUNCTURE — WORLD BANK

The World Bank said that Nigeria was at a critical juncture, following the recession of the economy declared weekend by the National Bureau of Statistics, NBS. This came as the Minister of [...]

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NAIRA: BASING DEVALUATION ON PARALLEL MARKET RATE WRONG — CBN

Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira will not have their way. The CBN Governor, Mr Godwin Emefiele gave this indication at [...]

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EXPERTS PREDICT ECONOMIC GROWTH TO PRE-COVID-19 LEVELS IN 2021

Economic and financial experts say current macroeconomic indices indicate that Nigeria’s economy will rebound in 2021. The experts, who spoke at a webinar organised by Nigeria British Chamber of [...]

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NIGERIA HAS A WEAK INNOVATION SYSTEM, NACETEM SAYS

Nigeria has a weak national innovation system, according to the third National Business Innovation Survey 2020 undertaken by the National Centre for Technology Management. The survey, which was [...]